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Section 7: Disclosure of intercst ol o rnember in op1, indusirial concern

Kerala Industrial Infrastructure Development Corporation Regulations 2008State Regulations of Kerala · 1993

(l) Every member who is direòtly or indirectly coucerned or has any personal interest in any , contract, loan arrangement entereil into by or on behalf of the Corporation with any coucern shall at the edrliest p'ossible oppoituniry disclose the narure of his interest in th€ co(rcern at the meetiug of the memi;-ers. or the.

committee, as the case may be, and shall not be present at any meeting of the Corporation or the Executive Conlniltee sihen any.such coritract. loan or agreement is discussed, unless his presence is required,b,r'' the other members for the purpose of eliciting infounarion.

(2) Where a is so required to.be pre5ent, he shall not ing a deèision on any such cont-r'act. loan or and.. if he does ro,.hii vote shaliube invalid aud shall. nor be counred.

Where this provision sits

ActKerala Industrial Infrastructure Development Corporation Regulations 2008
Section7
Marginal noteDisclosure of intercst ol o rnember in op1, indusirial concern
JurisdictionState of Kerala
StatusIn force as published by the source

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